Bidenomics Bust: Real Wages Are Falling Again, Even Worse For Blue Collar Workers

The runaway inflation that has dominated the economy during Biden’s presidency once again robbed workers of their wages gains in August.

For blue-collar workers, the wage loss was even worse. Real average hourly earnings for what the government describes as “production and nonsupervisory employees” fell 0.6 percent compared with a month earlier. The average work week for all employees declined by 0.1 percent, which means the average weekly earnings fell 0.3 percent.

Real earnings had been rising in recent weeks, as inflation slowed and wages played catch-up. Combined with 12-months ago, real average hourly earnings are up 0.5 percent. But since the workweek average has declined 0.3 percent, the average real weekly earnings is up only 0.3 percent from a week ago.

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